Dashboard|FE – Overview

FIRSTENERGY CORP

Utilities • CIK: 0001031296

Market Cap

$26.42B

P/E (TTM)

20.0x

Rev Growth (TTM)

+7.6%

Net Margin (TTM)

9.2%

FCF Yield (TTM)

-4.6%

FCF Margin (TTM)

-8.5%

LATEST EARNINGS

•

Q4 FY2025

•

10 days ago

•View source

Revenue

N/A

—

Net Income

N/A

—

EPS

N/A

—

•Core Earnings (non-GAAP) of $2.55 per share, a 7.6% increase compared to Core Earnings of $2.37 per share in 2024.
•Affirmed 2026 Core Earnings guidance range of $2.62 to $2.82 per share, representing 9% growth versus original 2025 guidance midpoint.
•Announced a $36 billion capital investment plan for 2026-2030, with expected Core Earnings compounded annual growth near the top end of 6-8%.
•Distribution segment Core Earnings increased $0.23 per share compared to 2024, primarily due to new base rates in Pennsylvania and stronger sales.

View Full Earnings →

Cash Flow Health

Free Cash Flow1/8 positive

TTM$-1.2B

Q3 '25

$-471M-246%

Q2 '25

$-136M+63%

FCF Margin

TTM-8.5%

Q3 '25-11.4%-182%

Sector: 3.7%Below Avg

OCF Margin24.9%

OCF/NI2.71x

CapEx Coverage0.7x

FCF Yield-4.6%

FCF Growth (2Y)–

Cash Conversion Cycle

-60 days

DSO: 39+DIO: 53−DPO: 152

View Insights from Latest Filing →View Full Cash Flow Statement →

Capital Allocation & Returns

Balanced

Total Shareholder YieldEst.

Est.3.8%

Div Yield3.8%

Balancing returns with reinvestment

Dividend & Payout Metrics

Dividend Yield (TTM)3.8%

Free Cash Flow (TTM)$-1.2B

Capital Return / FCF-82.0%

Est. Dividends Paid (TTM)$1.0B

Estimated: Buyback data estimated from FCF. Actual repurchase data not available for this company.

Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM

6.3%

Stable

+0.5% YoY+3.8%

P25MedianP75

75th pctl (med: 0.1%)

DuPont BreakdownROIC = Margin × Turn × (1+D/E)

NOPAT Margin

15.8%

8Q: 15.0%

Asset Turnover

0.27x

8Q: 0.26x

Leverage (1+D/E)

3.02x

D/E: 2.02x

DuPont: 13.0% ≈ 6.3% ROIC

Asset & CapEx Efficiency

Fixed Asset Turn

2.89x

8Q:–

Invested Cap Turn

1.79x

8Q:0.45x

+594.2%

CapEx Intensity

59.9%

8Q:16.3%

CapEx/Depreciation

2.94x

Asset-based ROIC formula

Full Analysis

QUARTERLY TRENDS

Last 8 quarters + TTM

Metric	TTM	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023
Revenue	$14.5B	$4.1B↑22.7%	$3.4B↓10.2%	$3.8B↑18.5%	$3.2B↓14.8%	$3.7B↑13.7%	$3.3B↓0.2%	$3.3B↑4.5%	$3.1B
Operating Income	$2.8B	$830.0M↑28.5%	$646.0M↓14.3%	$754.0M↑23.0%	$613.0M↓15.7%	$727.0M↑71.9%	$423.0M↓30.9%	$612.0M↑7.7%	$568.0M
Net Income	$1.3B	$441.0M↑64.6%	$268.0M↓25.6%	$360.0M↑37.9%	$261.0M↓37.7%	$419.0M↑831.1%	$45.0M↓82.2%	$253.0M↑44.6%	$175.0M
Operating Cash Flow	$3.6B	$845.0M↓21.9%	$1.1B↑69.9%	$637.0M↓39.0%	$1.0B↑34.7%	$775.0M↓30.3%	$1.1B↑2880.0%	$-40.0M↓104.2%	$958.0M
Free Cash Flow	$-1.2B	$-471.0M↓246.3%	$-136.0M↑63.0%	$-368.0M↓47.2%	$-250.0M↓9.2%	$-229.0M↓234.7%	$170.0M↑120.5%	$-830.0M↓528.8%	$-132.0M
Total Equity	N/A

Income Statement Cash Flow Statement Balance Sheet

Valuation Analysis

Fair Value

Price-to-EarningsTTM

20.0x

Volatile

8Q: 87.6x-13721%

Valuation Lenses

Earnings

20.0x

vs – sector

Cash Flow

-38.5x

EV/FCF vs –

Growth-Adj

0.4xPEG

Undervalued for growth

Quality-Adj

3.2P/E per %ROIC

ROIC: 6.3%

Shareholder Returns

Dividend

3.8%

Buyback

–

Total Yield

3.8%

Market Cap$26.42B

EV–

Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score

74/100

High Quality

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)Above Avg

10.5%

8Q:–

Return on Invested Capital (ROIC)Top 25%

6.3%

8Q:–

+3.8%

vs Sector:0.1%

DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)

NOPAT Margin: 15.8%

Asset Turnover: 0.27x

Earnings Quality

Cash Conversion

2.71x

OCF / Net Income ✓

FCF Consistency

–

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin73.1%

Capital Efficiency

Invested Capital Turnover1.79x

Working Capital

Cash Conversion Cycle-60 days

Growth Quality & Momentum

Moderate Growth

Growth Quality Score

58/100

Growth 40%

Margins 30%

FCF 20%

Consistency 10%

Growth Rates

Revenue Growth YoY

7.6%

OpInc Growth YoY

14.2%

EPS Growth YoY

47.4%

FCF 3Y CAGR

N/A

Margin Quality & Sustainability

Low Quality

Profitability Cascade

Gross

73.1%

Operating

19.6%

Below Avg in sector

Net

9.2%

Margins Unknown

Earnings Quality Signals

SBC / Revenue

—

FCF vs Net Gap

-17.7 pts

FCF: -8.5% | Net: 9.2%

FCF margin lags net margin by 17.7 pts

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Leveraged

Net Debt / EBITDA

–Net Debt: $24.37B

Interest Coverage

–

Leverage Metrics

Debt-to-Equity

2.02x

Balance sheet risk & solvency analysis